See all 24 photos
24 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Albert Pasillas • VYLLA HOME
$1,495,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV-26200827
Year Built 1936
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
?Seven income-producing units with current gross scheduled rent of $84,000 annually.
?Current rents average approximately $1,000 per unit per month.
?Conservative pro forma rent of $1,600 per unit produces $134,400 annual gross scheduled income.
?Approximately $50,400 of potential annual gross rental upside.
?Manager's unit currently pays $800 per month.
?Current property tax is only approximately $910 annually due to the low assessed value.
?Central Ontario location along the Euclid Avenue corridor.
?Value-add profile suited to an investor seeking income growth over time.
?Current rents average approximately $1,000 per unit per month.
?Conservative pro forma rent of $1,600 per unit produces $134,400 annual gross scheduled income.
?Approximately $50,400 of potential annual gross rental upside.
?Manager's unit currently pays $800 per month.
?Current property tax is only approximately $910 annually due to the low assessed value.
?Central Ontario location along the Euclid Avenue corridor.
?Value-add profile suited to an investor seeking income growth over time.
Location
State CA
County San Bernardino
Area 686 - Ontario
Zoning light industrial
Interior
Laundry None
Building
Lot Description Level with Street, Lot 6500-9999, 6-10 Units/Acre
Read Less Info
GET MORE INFORMATION
John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900